which of the following is not concidered to be a flow in the supply chain?

inventory, information, railways, payment

which of the four P's of marketing are related to logistics?

product, place, price, promotion

what is an example of a value added service?

24/7 emergency product support, access to tracking

finaincial services

which of the following is not concidered to be a supply chain flow?

products, payment, trucks, information

coring inc- apple inc- best buy

explain of apple is the focal point

best buy is a tire 1 customer

coring inc is a tier 1 supplier

how do you figure out how many SKUs distributors will have to manage?

cycle stock is?

a resilient suppy chain is one that..

1. used to measure performance of a supply chain
2. inclued both opeations and financial
3.  used to compare as upply chains performance to that of leading companies

48000/4000=12 ..one order/ month

4000/2= 2000

network design is concidered to be..?

a service level of 95% implies that

centralizing inventory ...

1. results in lower safety stock
2.  lower average inventory
3. more benificial when there is high variability in customer demand
4. is more benificial when two markets tend to be neg. correlated

1. accurate prediction of customer demand
2. longer time period less accurate
3. when demand is aggregated a more accurate forecast is obtained

What are the fundamental goals of supply chain management?

To minimize system wide cost while satisfying service level requirements by efficiently integrating suppliers, manufacturers warehouses and stores so the merchandise is produced and distributed in the right quantity to the right location at the right time

getting product to the right place at the right time for the least total cost

How does allignment help to achieve the goals of supply chain management?

to maximize flexibility and overall responsiveness.  With increased flexibility, leaders recognize that supply chains must be adjusted to meet different customer needs.  Knowing each customer segment and its needs can help supply chin managers develop a clear focus

A.    the ability to have common and shared interests across the supply chain including vendors and customers

a close alignment and coordination within a supply chain, often with the use of shared management information systems

• known customers
• guaranteed customer
• inventory management
  

what is

Synchronization

enables

companies to balance their inventory levels with customer demand.

Market conditions, such as economic factors, supplier relations, and fluctuating and seasonal demand for product, impact inventory management

Trade off between reduced costs and enhanced flexibility

Explain the concept of postponement.

Postponement is a concept where manufacturer produces a generic product, can be modified at the later stages before the final transport to the customer. 

  EX:an umbrella manufacturer .manufacturer all white umbellas and dye them later when the umbrellas are in season

•  Demand order variability is amplified as one moves up the supply chain

•      This is because demand information is distorted as it is transmitted up the supply chain

•    Causes erratic shifts in orders up and down the supply chain

1. Stock outs    If customer demand is lower than you expect, resulting in excess inventory, the bullwhip effect dictates that the psychological response is to lower supply on future inventory orders
2. waste Lead to excess inventory on hand if you order too much or if customer demand falls. Excess inventory often must be marketed down over time or thrown out when the products are perishable

increace service level